Prestige Brand Holdings Inc (PBH)

Current ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Total current assets	US$ in thousands	375,043	391,743	293,267	269,835	365,654
Total current liabilities	US$ in thousands	117,048	160,715	143,422	122,138	149,881
Current ratio		3.20	2.44	2.04	2.21	2.44

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $375,043K ÷ $117,048K
= 3.20

The current ratio of Prestige Brand Holdings Inc has exhibited fluctuations over the past five years. As of March 31, 2024, the current ratio stands at 3.20, showing a substantial improvement from the previous year's ratio of 2.44. This indicates that the company's short-term liquidity position has significantly strengthened, with a higher level of current assets available to cover its current liabilities.

Comparing the current ratio to the ratios of the prior years, we observe an upward trend since March 31, 2022, where the ratio was 2.04. This signifies that Prestige Brand Holdings Inc has been more efficient in managing its short-term obligations and maintaining a healthy balance between current assets and liabilities.

Overall, the current ratio of 3.20 as of March 31, 2024, suggests that the company is in a strong financial position in the short term, with ample resources to meet its immediate financial obligations. However, further analysis of the composition of current assets and liabilities would provide a more comprehensive understanding of Prestige Brand Holdings Inc's liquidity management.